07-26-2018, 09:17 PM
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#1
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Fearmongerer
Join Date: Oct 2001
Location: Wondering when # became hashtag and not a number sign.
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Facebook just had the biggest wipeout in stock market history.
Quote:
Shares plunged 19% on Thursday after executives warned that revenue growth would slow as the company focuses on user privacy.
The sell-off vaporized about $119 billion in market value — the biggest single-day loss for any public company in history, according to Thomson Reuters.
For founder Mark Zuckerberg, the loss came to almost $16 billion, according to Forbes, which tracks billionaire wealth in real time. That dropped him from fourth to sixth on the list of richest people in the world.
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Incredible.
https://money.cnn.com/2018/07/26/tec...rop/index.html
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